SAN FRANCISCO–A controversial proposal to collect insurance company data and store it nationally with the National Association of Insurance Commissioners continued to draw criticism even as regulators insisted it would be better for both consumers and insurers.
Insurers for all the major property-casualty and life trade organizations said the proposal needed more consideration. Namely, they said the confidentiality of data and its possible exposure to both class-action attorneys and other insurers who would use data for competitive reasons warranted more assurance that any data submitted would be protected.
Among the organizations that addressed the issue were the National Association of Mutual Insurance Companies in Indianapolis; the Property Casualty Insurers Association of America, Des Plaines, Ill.; The American Council of Life Insurers and the American Insurance Association, both in Washington.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
